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Issue #592

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Breakbulk Quarterly

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2014 Media Kit

Liner Shipping

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Matson To Acquire Horizon’s Alaska Operations

AJOT | November 11, 2014 | Liner Shipping

Matson, Inc. and Horizon Lines, Inc. announced that they have entered into a definitive merger agreement pursuant to which Matson will acquire the stock of Horizon, which will include its Alaska operations and the assumption of all non-Hawaii business liabilities Read More »

The Pasha Group Announces Agreement to Acquire Horizon’s Hawaii Business

AJOT | November 11, 2014 | Liner Shipping

The Pasha Group, a family-owned global logistics and transportation company, today announced an agreement to acquire the Hawaii trade-lane business of Horizon Lines, Inc., a Jones Act container shipping and integrated logistics company, for approximately $141.5 million. The transaction will greatly expand and complement Pasha’s current offerings for shipping between the mainland United States and Hawaii. Read More »

Horizon Lines Terminating Puerto Rico Operations

PR Newswire | November 11, 2014 | Liner Shipping

Horizon Lines, Inc. announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Read More »

General Dynamics NASSCO Celebrates Start of Construction for Three SEA-Vista Commercial Product Tank

PR Newswire | November 11, 2014 | Liner Shipping

SAN DIEGO, Nov. 11, 2014 /PRNewswire/ -- General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), signaled the start of construction for three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista LLC, a joint venture between SEACOR Holdings Inc. and Avista Capital Partners (SEA-Vista). Each LNG-conversion ready product tanker will be constructed at the NASSCO shipyard in San Diego under Jones Act requirements and will continue to provide and support well-paying jobs in the local economy.

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Maersk Line raises 2014 profit forecast after Q3

Reuters | November 11, 2014 | Liner Shipping

Container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said on Tuesday it had increased its 2014 full-year net profit forecast to above $2 billion from a previous forecast of “significantly” above $1.5 billion. Read More »

China pays big to expand its clout along the new Silk Road

Reuters | November 10, 2014 | Intermodal | Rail | Liner Shipping | Ports & Terminals

China, already at the center of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines. Read More »

Cost-wary ship designers look to tuna skin and drones

Reuters | November 10, 2014 | Liner Shipping

Paint inspired by the skin of a tuna fish and automated drone ships that don't need crews: such ideas could revolutionise the next generation of ocean vessels as the shipping sector looks to cut costs and tackle pollution. Read More »

Hamburg Süd raises goal for CO2e reduction

AJOT | November 10, 2014 | Liner Shipping

Hamburg Süd has achieved its environmental goal of reducing the CO2e emissions of its fleet by 26 percent by the year 2020, compared to 2009, well ahead of schedule. This is due to a number of measures. Read More »

Asia-Europe container freight rates drop 10.4 percent

Reuters | November 10, 2014 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.4 percent to $1,175 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Matson, Inc. Announces Third Quarter 2014 Diluted EPS Of $0.50

PR Newswire | November 09, 2014 | Liner Shipping

HONOLULU, Nov. 6, 2014 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $21.5 million or $0.50 per diluted share for the quarter ended September 30, 2014, compared with $17.2 million or $0.40 per diluted share in 2013. Consolidated revenue for the third quarter 2014 was $441.8 million compared with $415.0 million in 2013.

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